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Future Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

CRUDE OIL Aug 2020 (NYMEX:CL.Q20)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_CL.Q20
Open High Low CL.Q20 Price Change
55.70 56.76 55.36 56.23 +0.38
Entry Signal

MarketClub’s Trade Triangles for CL.Q20

long term up The long term trend has been UP since Nov 26th, 2019 at 55.95

intermediate term up The intermediate term trend has been UP since Oct 23rd, 2019 at 53.18

short term up The short term trend has been UP since Dec 4th, 2019 at 56.04

Smart Scan Analysis for CL.Q20

Based on a pre-defined weighted trend formula for chart analysis, CL.Q20 scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for CL.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.70 56.76 55.36 56.23 +0.38
Prev. Close Volume Bid Ask Time
56.23 10602 2019-12-06 15:46:01
First Delivery2020-08-31Expiration2020-07-21
Open Time18:00Close Time17:00
Want to analyze CRUDE OIL Aug 2020 CL.Q20 or another symbol? Try our Free Future Trend Analysis Report.